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Dec 7, 2012
12/12
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: vice president biden was confident that this deal will get done because he's optimistic genetically. says if everyone can act like adults and can reach an agreement, the up side will be much greater than the down side. >> any indication when there might be a presidential meeting with the speaker? >> reporter: we don't know at all. there has been one phone call this week. white house aides saying so far they're not making announcements about meetings or phone calls. >> they need to meet to resolve this. maybe their teams and staffers could do some advance work but the clock is ticking. dan lothian, thank you. >>> president obama's top campaign strategist is here in a few minutes. david axelrod did something today he hasn't done in decades. look at that, before and after. he's ready to challenge a member of cnn's political team to do the same thing. stand by. >>> and take a look at this. we're going to tell you why the driver says she didn't stop ou
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: vice president biden was confident that this deal will get done because he's optimistic genetically. says if everyone can act like adults and can reach an agreement, the up side will be much greater than the down side. >> any indication when there might be a presidential meeting with the speaker? >> reporter: we don't know at all. there...
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Nov 29, 2012
11/12
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. >>> democrats said they think it's a good idea to drive the economy off the fiscal cliff this january. you might call this thelma and louise economics. right off the cliff. ♪ >> joining me now, senator feldma. >> great to talk to you. >> senator, you've been the leader on how the democrats should be approaching the so-called off the cliff drama and i just want to play something you said on july 16th at the brookings institute. let's listen to that. >> we can't get a good deal, a balanced deal that calls on the wealthy to pay their fair share, when i will absolutely continue this debate into 2013. >> after that, senator mcconnell called that thelma and louise economics. tell us why this cliff is not as disastrous a cliff to go off? >> first of all, no one wants to go off any cliff or hill or slope. there is a responsible way to revolve this. but if we take a bad deal and say that all of the nation's fiscal problems are to be balanced on the back of middle class families and the wealthy don't participate, that's a bad deal we cannot and should not live within this country. >> shortly
. >>> democrats said they think it's a good idea to drive the economy off the fiscal cliff this january. you might call this thelma and louise economics. right off the cliff. ♪ >> joining me now, senator feldma. >> great to talk to you. >> senator, you've been the leader on how the democrats should be approaching the so-called off the cliff drama and i just want to play something you said on july 16th at the brookings institute. let's listen to that. >> we...
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Nov 29, 2012
11/12
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economy headed for a recession with or without the fiscal cliff, he says we're already in one. listen to what the person of the cycle research institute told me today. >> the recession has started. we are a few months in to it. and i think if you wanted to argue against me, i would point to jobs, jobs are still growing but looking at the last seven recessions in three of them, jobs continued to grow in to the recession. >> his group bases this on four economic indicators. let me show you. industrial production, that's all the stuff, top left, all the stuff made in the u.s. personal income, you know what that is, sales and employment. look at those lines. based on official government data this year they show a drop off in three of the four indicators starting in july. only employment is steady. that's july. that means we're in a recession right now. may sound obvious to some of you or ridiculous to others but when it comes to determining recessions, few have a better track record than ecri. back in 2001, the group predicted a recession when the vast majority of economists said i
economy headed for a recession with or without the fiscal cliff, he says we're already in one. listen to what the person of the cycle research institute told me today. >> the recession has started. we are a few months in to it. and i think if you wanted to argue against me, i would point to jobs, jobs are still growing but looking at the last seven recessions in three of them, jobs continued to grow in to the recession. >> his group bases this on four economic indicators. let me...
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Dec 3, 2012
12/12
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i've been warning you for months about the fiscal cliff, the economic storm of our own making. today, we saw a report indicating that u.s. manufacturing essentially ground to a halt in november. one of the culprits was clearly the uncertainty for business that has been created by this fiscal cliff threat, orders for new goods are flat. factories are cutting workers. this can be fixed. it is reversible. but the signs are clear that the damage is being done. quite a different story by the way over in china where manufacturing output, which had been slowing, picked up in november. it had months of slowdown. now, back to washington. what are the chances that lawmakers in washington will act in time to avert the fiscal cliff? if you go by what both sides are saying right now, not great. >> what we're not going to do is extend the tax cuts for the wealthiest americans. those cost a trillion dollars over ten years and there is no possibility that we're going to find a way to get our fiscal house in order without the tax rates going back up. >> nobody wants to go over the cliff. that's
i've been warning you for months about the fiscal cliff, the economic storm of our own making. today, we saw a report indicating that u.s. manufacturing essentially ground to a halt in november. one of the culprits was clearly the uncertainty for business that has been created by this fiscal cliff threat, orders for new goods are flat. factories are cutting workers. this can be fixed. it is reversible. but the signs are clear that the damage is being done. quite a different story by the way...
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Dec 6, 2012
12/12
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. >>> some folks worried now about the fiscal cliff. one economist worried that a budget deal will actually hurt the economy and send unemployment sky-high. i'll hear what he has to say up next. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. home of the legendary grand prix circuit. the perfect place to bring the all-new cadillac ats to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3
. >>> some folks worried now about the fiscal cliff. one economist worried that a budget deal will actually hurt the economy and send unemployment sky-high. i'll hear what he has to say up next. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations....
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Nov 30, 2012
11/12
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>> i don't see it. >> reporter: like everyone, he wants to see congress act to avoid the fiscal cliff and the tax hike that is come with it. >> what would tax increases mean for you in this business? >> on the gold buying end it might be goods. people are going to need to sell their gold to pay their taxes. >> reporter: he also knows it would hurt his customers' buying power. he certainly doesn't want to pay more in taxes, but he is open to them. how far, he is adamant that's not the right solution. >> you have to spend less. >> two small businesses in the same small town staring at the same fiscal cliff. both with a message for washington. >> i would love for them to come here and just spend a day, spend a week just to know what small business goes to. >> do your job. make a decision. >>> now, suzanne, the exception of just a few extra tax breaks, small businesses are pretty much taxed just like me and you, just like individuals. if we fall off that fiscal cliff, there is no doubt that their taxes are going to go up, but what might hurt them even more than increased taxes, the expert
>> i don't see it. >> reporter: like everyone, he wants to see congress act to avoid the fiscal cliff and the tax hike that is come with it. >> what would tax increases mean for you in this business? >> on the gold buying end it might be goods. people are going to need to sell their gold to pay their taxes. >> reporter: he also knows it would hurt his customers' buying power. he certainly doesn't want to pay more in taxes, but he is open to them. how far, he is...
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Nov 30, 2012
11/12
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of course, if the fiscal cliff does come to be and the economy slows or dips back into recession, things will really slow down. what automakers are doing is continuing to push the sales of smaller cars, which is what the public wants, because tgas prics are rising. sales of these types of vehicles do real well in places like california where people drive long distances and where a lot of people are very concerned about the environment and want to drive hybrid or electric vehicles. so even though they haven't been so strong throughout the rest of the country, companies like general motors continue to push ahead with these vehicles. here is their newest introduction, which will be on the market in 2014. only available for sale in california and in oregon initially. this is the chevy spark. it is an all electric vehicle that will get somewhere south of 100 miles on a full charge. what's really cool about this vehicle is you'll be able to charge it up to 80% capacity in just 20 minutes. that is a challenge, though, getting the rest of america outside of places like california to buy these ve
of course, if the fiscal cliff does come to be and the economy slows or dips back into recession, things will really slow down. what automakers are doing is continuing to push the sales of smaller cars, which is what the public wants, because tgas prics are rising. sales of these types of vehicles do real well in places like california where people drive long distances and where a lot of people are very concerned about the environment and want to drive hybrid or electric vehicles. so even...
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Dec 3, 2012
12/12
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cliff is, it can result in less discretionary income which can have an impact on the economy. it's really important we come together on a solution. >> one of the things you are known for at ford is really bringing everyone together. i mean, bringing this huge company together, really mobilizing everyone to work together. what advice -- you testified for your competitors back in the auto -- during the bailouts. what advice would you give to washington right now? what needs to happen to get us through this and to get to a deal so we don't do what you just said? >> it's so important and it really is about working together. and i think the most important thing is we really deal with our current reality. i mean, our budget dech sits and our debt are not sustainable. we need to work both the revenue side and the expense side and we need to come together. what we're talking about is the economy of the united states of america and we're only expanding around 2% right now. it needs to be considerably higher to bring more people off unemployment. the most important thing is to listen to
cliff is, it can result in less discretionary income which can have an impact on the economy. it's really important we come together on a solution. >> one of the things you are known for at ford is really bringing everyone together. i mean, bringing this huge company together, really mobilizing everyone to work together. what advice -- you testified for your competitors back in the auto -- during the bailouts. what advice would you give to washington right now? what needs to happen to get...